The jackpot for the Powerball draw on Mon Feb 16, 2026, is projected to be $154 Million, with an option for a cash payout of $72.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Mon Feb 16, 2026 |
|---|
| Draw Date | Mon Feb 16, 2026 | | Projected Jackpot | $154,000,000 | | Cash Value | $72,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,200,000 | | Federal Tax(24%) | $17,328,000 | | Additional Federal Tax | $9,346,330 | | State Tax(8.82%) | $6,368,040 | | Net Lumpsum Payment | $39,157,630 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$204,435 |
$1,295,483 |
| 2 |
$2,433,816 |
$860,842
$214,663 |
$1,358,311 |
| 3 |
$2,555,476 |
$905,857
$225,393 |
$1,424,226 |
| 4 |
$2,683,296 |
$953,150
$236,667 |
$1,493,479 |
| 5 |
$2,817,430 |
$1,002,779
$248,497 |
$1,566,154 |
| 6 |
$2,958,340 |
$1,054,916
$260,926 |
$1,642,498 |
| 7 |
$3,106,180 |
$1,109,617
$273,965 |
$1,722,598 |
| 8 |
$3,261,566 |
$1,167,110
$287,670 |
$1,806,786 |
| 9 |
$3,424,652 |
$1,227,452
$302,054 |
$1,895,146 |
| 10 |
$3,595,900 |
$1,290,813
$317,158 |
$1,987,929 |
| 11 |
$3,775,618 |
$1,357,309
$333,010 |
$2,085,299 |
| 12 |
$3,964,422 |
$1,427,167
$349,662 |
$2,187,593 |
| 13 |
$4,162,620 |
$1,500,500
$367,143 |
$2,294,977 |
| 14 |
$4,370,828 |
$1,577,537
$385,507 |
$2,407,784 |
| 15 |
$4,589,354 |
$1,658,391
$404,781 |
$2,526,182 |
| 16 |
$4,818,814 |
$1,743,292
$425,019 |
$2,650,503 |
| 17 |
$5,059,670 |
$1,832,408
$446,263 |
$2,780,999 |
| 18 |
$5,312,692 |
$1,926,026
$468,579 |
$2,918,087 |
| 19 |
$5,578,342 |
$2,024,317
$492,010 |
$3,062,015 |
| 20 |
$5,857,236 |
$2,127,508
$516,608 |
$3,213,120 |
| 21 |
$6,150,144 |
$2,235,884
$542,443 |
$3,371,817 |
| 22 |
$6,457,682 |
$2,349,673
$569,568 |
$3,538,441 |
| 23 |
$6,780,466 |
$2,469,103
$598,037 |
$3,713,326 |
| 24 |
$7,119,574 |
$2,594,573
$627,946 |
$3,897,055 |
| 25 |
$7,475,468 |
$2,726,254
$659,336 |
$4,089,878 |
| 26 |
$7,849,380 |
$2,864,601
$692,315 |
$4,292,464 |
| 27 |
$8,241,772 |
$3,009,786
$726,924 |
$4,505,062 |
| 28 |
$8,653,876 |
$3,162,265
$763,272 |
$4,728,339 |
| 29 |
$9,086,616 |
$3,322,378
$801,440 |
$4,962,798 |
| 30 |
$9,540,916 |
$3,490,469
$841,509 |
$5,208,938 |
|
|
